Semiconductors now represent one-fifth of the global equity index; historically semiconductors are the most capital-intensive, most cyclical industry (2% of index in past, now 20%); for Asian managers, TSMC, SK Hynix, and Samsung make up 40% of Asia MSCI benchmark but managers can only own 10% max per stock, forcing them to buy inferior semiconductor companies they don't want.
factualpending
Speaker
Peter BookbarEvidence Quote
“Semiconductors are now essentially a fifth of the global equity index...it was 2% of the global benchmark. Now you guys are lucky.”
Created: 8/12/2026, 6:20:13 PM
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